Gold may be correcting five waves down with a converging triangle.
Price might rise to the 1370 area, fall to the 1200 area, and rise to the 1300 area to complete the pattern and then begin to fall persistently in a new segment of five waves down.
Most probable for me is that the high is in place and it should head down over the next few weeks
Price might rise to the 1370 area, fall to the 1200 area, and rise to the 1300 area to complete the pattern and then begin to fall persistently in a new segment of five waves down.
Most probable for me is that the high is in place and it should head down over the next few weeks
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Below a view of my previous posting of the relevant patterns in June
